Cayman Islands Company Formation

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CAYMAN ISLANDS COMPANY FORMATION

Benefits of registering a company in Cayman Islands

  • Political Stability: The government has always been stable; and the economy has remained strong due to its popular banking system, offshore corporations, and tourism.
  • Whitelisted: Unlike many other so-called “tax havens,” the Cayman Islands follows international tax regulations. This which has kept the Financial Action Task Force and the international Organization for Economic Co-operation and Development (OECD)them from placing the Caymans on their blacklist.
  • Fast Incorporation: The Incorporation process can only take one day.
  • Flexibility: Forming a Cayman Islands corporation provides options for flexibility. For instance, corporate directors and officers do not have to be legal residents.
  • Privacy: The Register of Directors and Shareholders are not open to public viewing.
  • No Upfront capitalization requirement.
  • No Shares Transfer Tax -unless the shares are related to real estate investments.
  • Single Director: Cayman Islands corporate law allows for a one-director and one-shareholder company.

Key Features of Cayman Islands Company

  • Company name must be unique and approved by the registrar
  • Compulsory Cayman Island registered agent and registered office
  • Minimum of one shareholder. This can be a person or another company or trust.
  • Minimum of one director. No nationality restriction
  • Minimum authorized capital shares
  • No withholding of taxes
  • Shareholder and director names remain private in the Cayman Islands
  • Short time required for incorporation. Within 1 to 4 days